Income Tax : Learn how to calculate tax relief under Sections 89 and 89A of the Income Tax Act for arrears, gratuity, pension, and foreign reti...
Company Law : Understand Sections 89 and 90 of the Companies Act, 2013, focusing on legal ownership declarations and significant beneficial owne...
Company Law : Delve into intricacies of Section 89 of Companies Act, 2013, governing beneficial interest in company shares. Learn about declarat...
Income Tax : Detailed insights into Section 89 of the Income Tax Act 1961, which offers tax relief on arrears or advance salary, pension, or co...
Income Tax : First of all, we should understand the concept of – Why Tax Relief is given to Taxpayers? Income Tax is Calculated on Assess...
Income Tax : ITAT Indore held that delayed filing of Form 10E due to Covid-19 related circumstances should not automatically deny substantive r...
Income Tax : The Karnataka High Court accepted a mediation settlement in a prolonged land acquisition dispute after parties agreed on compensat...
Income Tax : Karnataka High Court directed that compensation paid under a mediated land acquisition settlement must be released without deducti...
Income Tax : ITAT Hyderabad held that CPC cannot make adjustments under Section 143(1)(a) without issuing prior intimation to the assessee as m...
Income Tax : The Court held that failure to comply with payment conditions under the 2020 Scheme automatically revived withdrawn revision petit...
Understand Sections 89 and 90 of the Companies Act, 2013, focusing on legal ownership declarations and significant beneficial ownership disclosures for corporate transparency.
Analysis of N.R. Patel & Co. Vs Assistant Commissioner case by Kerala High Court. Court rules on assessment/refund order merit under KGST Act. Full judgment.
Jharkhand High Court drops criminal proceedings under CGST Act, Section 174 IPC. Summon duly replied. Analysis of the case – Satyendra Singh Kushwah vs. State of Jharkhand.
ITAT Kolkata held that once the TDS is deducted then the liability resulting from the non-deposit of TDS by the deductor cannot be fasten on the deductee. Hence, denial of TDS credit to deductee unjustified.
Delve into intricacies of Section 89 of Companies Act, 2013, governing beneficial interest in company shares. Learn about declarations, compliances, and role of registered and beneficial owners.
ITAT Pune directs re-adjudication in Anita Anil Rangale’s case, emphasizing employees’ non-entitlement to ERS and company’s lack of obligation under Sec 89.
Detailed insights into Section 89 of the Income Tax Act 1961, which offers tax relief on arrears or advance salary, pension, or compensation. Learn about eligibility, conditions, and more.
Explore landmark ruling in Citibank N.A Vs S.K. Ojha case by Bombay High Court, confirming that post-Kar Vivad Samadhan Scheme determination, the Assessing Officer lacks jurisdiction to reopen tax assessments under Section 143 of Income Tax Act. Unearth key insights from this case setting a precedent for businesses under KVSS.
Taxpayers can claim a deduction under Section 89 of the Income Tax Act when they receive any part of their salary in advance or arrears. This rule also applies to arrears of family pensions. What is the relief under Section 89 of the IT Act? When employees receive back pay or compensation along with their […]
ITAT Pune held that payment made voluntarily by the employer out of appreciation for the employee falls outside the rigours of Section 17(3)(iii) of the Income Tax Act.
